hernandezmar82
Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

What is the simple interest on $360 borrowed for 30 months at 12.3%?

PLEASE SHOW HOW YOU SOLVEDIT!!! :D

Sagot :

Americanoo

Answer:

$110.70

Step-by-step explanation:

I=PRT

P (principal)=360

R(rate)=12.3%

T(time)=30 months (2 and half years)

I=360*12.3%*2.5

=$110.70

Just to note 12.3% is also 0.123 we sometimes change it into a decimal.

$110.70 is the answer good luck!
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.